Summary of Compensation for Named Executive OfficersExecutive Compensation Plan Agreement |
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Exhibit 10.12
Summary
of Compensation for Named Executive Officers
Set forth below is a summary of the
compensation provided by ZipRealty, Inc. (the “Company”) to its
named executive officers. This compensation is reviewed and determined at least
annually by the Compensation Committee of the Company’s Board of
Directors and is subject to its continued discretion. All of the
Company’s named executive officers are at-will employees whose employment
status may be changed at any time in the discretion of the Company’s
Board of Directors or Chief Executive Officer, as applicable.
In order to meet the Company’s
compensation objectives for its named executive officers, the Compensation
Committee awards three types of annual compensation: base salaries, incentive
bonuses and equity grants.
Base Salaries. Effective April 1, 2005, the named executive
officers are scheduled to receive the following annual base salaries in their
current positions:
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Annual Base |
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Name and Principal
Position |
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Salary ($) |
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Eric
A. Danziger 
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